Maximize Executive Participation

The Challenge

Business owners and key employees are finding it more difficult to adequately save for retirement. Why? Qualified retirement plans and group insurance plans, even Social Security, place limits on contributions, layouts and tax advantages of benefits for highly-paid individuals. Industry retirement experts suggest we need at least 80% of pre-retirement income to maintain our current standard of living in retirement.

The Solution

We are highly experienced at assisting company owners and executives in understanding options available to assist them in achieving the contributions they desire to the company retirement plan. Some of the most common services we provide in this regard include:

• Reviewing plan structure and discussing alternative plan design strategies that may allow company owners and executives to achieve maximum 401k profit sharing plan contributions
• The development and consistent implementation of quality employee enrollment, education and assistance programs resulting in increased participation by employees, and corresponding increases in the amounts company owners and executives can contribute
• A specific strategy to help employers attain safe harbor funding for the plan and employees that may result in allowing owners and executives to achieve maximum funding at no net out of pocket cost to the employer
• The integration of a Cash Balance Plan option that may result in the owners and executives ability to increase their tax deductible contributions by 200-300% or more

Our qualified plan focus, longevity and expertise ideally position us to meet business owners and executives evolving needs throughout the tenure of our relationship.